No appeal of Stuff merger decision

NZX/ASX RELEASE 24 October 2018 No appeal of Stuff merger decision AUCKLAND, 24 October 2018: NZME Limited (NZX:NZM) ("NZME") will not appeal the Court of Appeal's adverse decision in relation to the proposed merger of NZME and Fairfax Media Limited's (ASX:FXJ) New Zealand subsidiary Stuff Limited. This brings the merger process to a conclusion. NZME continues to focus on its strategic and operational priorities to enhance shareholder value, which include: o Growing audience and engagement; o Returning advertising revenue to growth; o Developing talent and people to create outstanding content; o Maximising the efficiency of operations; and o Growing new revenue streams including the OneRoof platform and paid digital subscriptions on nzherald.co.nz. - ENDS - For further information: Alexa Preston Head of Investor Relations & Corporate Finance M: +64 21 997 902 Email: Alexa.Preston@nzme.co.nz About NZME NZME is a leading New Zealand media and entertainment business that reaches more than 3.2 million kiwis . Whether reading, listening or watching, our audience gets the content they want - where and when they want it. NZME offers advertisers a unique opportunity to access its growing audience via a fully integrated multi-platform presence. NZME is listed on the NZX Main Board (code NZM) with a foreign exempt listing on the ASX (code NZM). www.nzme.co.nz End CA:00325714 For:NZM Type:TRANSACT Time:2018-10-24 11:42:58